Platinum Hits Over 17-Year High
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Platinum prices surged to over $1,950 per ounce, reaching levels not seen since 2008, driven by investor interest in precious metals amid economic uncertainty. Rising unemployment and potential Federal Reserve interest rate cuts, as suggested by Fed Governor Christopher Waller, contributed to the rally. Supply issues from South African mines and a forecasted supply deficit by the World Platinum Investment Council further supported the price increase.
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